Question

A shopkeeper marked article A is 40% above its cost price. The shopkeeper sold it at a discount of 20% by making a profit of 600. What is the selling price of another article whose marked price is 200 more than that of article A and sold at a discount of 10%?
1. 6480
2. 6580
3. 6680
4. 6780

Answer 1

Correct Answer - Option 1 : 6480

Given:

The marked price of article A is 40% above the cost price

Calculation:

Let us assume cost price of article A is X

⇒ Marked price = X × (140/100) = 1.4X

⇒ The selling price of article A = (1.4X × 0.8) = 1.12X

⇒ The selling price of article A = (X + 900)

⇒ 1.12X = X + 600

⇒ 0.12X = 600

⇒ X = 5000

⇒ Marked price of article A = 1.4X = 7000

⇒ The marked price of another article = 7000 + 200 = 7200

⇒ The selling price of another article = 7200 × (90/100) = 6480

∴ The required result will be 6480.